4.0
Jun 13, 2008
Current employee
Lakewood, WA
Recommend
CEO approval
Business Outlook
Pros
Farmers provides excellent opportunities to move both upward and laterally for someone who is motivated to do so. I have had the chance to do a variety of jobs while keeping the benefits of staying with one company. The profit sharing plan adds nearly 20% to my annual income and with the pension has provided security in regard to my retirement.
Cons
Farmers has not historically been very innovative, and many of its processes are outdated. This seems to be improving, however. Salary increases are governed by forced distribution, meaning high contributors are not always appropriately compensated. The expectations in order to get a really significant increase seem unreachable.